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U.S. Layoffs Fell In September But Remain Higher Year To Date

Allwork

That running total is the highest since 2020, the year the COVID-19 pandemic struck, when nearly 2.1 That increase, however, has not so far been paralleled by other data measuring job losses, such as the Labor Department’s weekly report on filings for unemployment benefits. In the week ended Sept. In the week ended Sept.

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IRS releases new FAQs on Form W-2c

BMT Office Administration

The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took the payroll credits for providing them with pandemic-related paid sick or family leave during 2020 and/or 2021. Fact sheet 2022-15. The new FAQ 98a reads like this.

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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

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8 tips for completing your first-quarter 941

BMT Office Administration

A valid EIN is required if you’re e-filing. If you paid taxable qualified sick and family leave wages this quarter for leave employees took after March 31, 2020, and before April 1, 2021, complete Lines 5a(i) and 5a(ii). If you’re filing on paper, postmark your envelope by May 2 and send it certified, return receipt requested.

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U.S. Jobless Claims Fall, Suggesting October’s Job Losses Were Just A Blip

Allwork

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug along and that the abrupt slowdown in job growth in October was an aberration. Nonfarm payrolls increased by a mere 12,000 jobs in October, the fewest in nearly four years.

Payroll 264
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U.S. Unemployment Claims Fall Beyond Expectations

Allwork

The number of Americans filing new applications for unemployment unexpectedly fell last week, but could remain elevated in the near-term amid the effects of Hurricanes Helene and Milton, obscuring the labor market picture. Nonfarm payrolls increased by the most in six months in September, with the unemployment rate falling to 4.1%

Payroll 147
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Hurricanes, Prolonged Strikes Spike U.S. Jobless Claims

Allwork

The number of Americans filing new applications for unemployment benefits surged last week, partially boosted by Hurricane Helene and furloughs at Boeing amid a nearly four-week-old strike at the U.S. Nonfarm payrolls increased by the most in six months in September with the unemployment rate falling to 4.1% planemaker.

Payroll 147